Student Credit Cards: Your Companion In Your Studies

A recent study conducted by the Georgetown University Credit Research Center shows encouraging results about students and student credit cards. According to this report, 87.9 percent of students in college manage their student credit cards effectively.

Unlike in the past years, this study has proven that college students are now more aware about their responsibilities as credit card holders and this is shown by the fact that most college students pay off their monthly balances in full. Overall, the average balance in a college student’s account is $552 which is just one third of the average balances of the general population.

This is certainly a good news and hopefully, this trend will continue and improve in the coming years. More and more young people today are becoming aware of the importance of having a student credit card especially when they enter college. With the help of information available online, students are learning the basic points on how to use credit cards while protecting their credit at the same time.

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Guide To Online Education

Choosing a major is a “major” decision

Since you have to invest several years of your life in studying a subject in great detail choosing a major in college is the most important decision. The major you choose can dictate the scope of your opportunities or your career path. Choosing a major is not a decision that should be made in two hours, two days, or even two weeks. So take your time and research. Research all your options and keep an open mind. Once you’ve narrowed the list of majors and careers that seem interesting, try each of them on for a while.

Questions to Ask before you Choose a Major!

Sometimes you may be very fascinated in a major, but you find that you don’t have enough skills to pass the required courses. On the other hand, you maybe have a skill in a particular field, but you have no interest in that area. Sometimes, you may have both interests and abilities in an area but find that the realities of the job market are such that you are not willing to risk an investment of time and money on potentially bleak employment chances.

Here are the questions you need to ask yourself before you choose a major!

–What are my interests and what fascinates me?

–What are my motivations?

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Citi Bronze Advantage Card For College Students

The Citi® Bronze®/AAdvantage® Card for College Student is perfect for students who have average credit. It’s also intended to those who want to travel frequently on American Airlines since it is considered to be the only card that caters an amazing airline reward program that suits the students’ taste.

In addition, you can also exchange the miles you have earned for the American Airlines frequent flyer program for other airline tickets. And this can be redeemed for a marginal fee. Each year you can earn up to 25,000 miles. The miles that you earn can be redeemed for flights on various partner airlines, hotels, and car rentals in any part

of the world. The
miles earned will not expire only on the condition that you use the Citi® Bronze®/AAdvantage® Card for College Student for at least once every 3 years. Aside from that, you also receive one mile for each $2 spent on general purchases.

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Save Your Money: Avoid Top 10 Credit Mistakes

Here are the top 10 common credit mistakes that you need to avoid to boost your credit score and save you money in loan costs

 
1. Closing credit cards that you’ve had for a long time. How long you’ve had credit plays an important role in determining your credit standing. Creditors prefer borrowers who have a long record of credit history. Closing credit cards that you’ve had for a long time is a bad move since it will be like deleting a part of your credit history. If you think you own too many credit cards, consider which accounts to close and do not close the ones you’ve had for many years. If the problem is that your old credit cards come with high interest, you don’t have to use them on a regular basis. To prevent them from automatically closing, you may use them once every few months to buy an inexpensive item. This way, you can immediately pay the balance in full and avoid paying for interest.

2. Missing on your credit card payments. Your ability to pay and how responsible you are in paying your debts are all reflected in your credit report. Obviously, missed payments will put you in a bad light. Other creditors will deem you as a high-risk borrower and you will not have the privilege of obtaining better rates when you apply for loans.

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Guide to College Majors in Game Design

What is Game Design?

Game art design degree is a focused study of the visual creations for electronic games- video games, computer games, arcade games, and hand held systems. It deals solely with game design but it is very important because of the difficulty of components that go into creating games.

Today, electronic games industry is one of the leading revenue generator and one of the popular forms of entertainment/pastime for the under 18 age group. This is the trend that is expected grow.

Degree Programs in Game Design

The competition for game art boosts as more and more children grow. You have an edge in the job market if you are a highly qualified graduate and have a creative training and learn the fundamentals of gaming industry. A Bachelor Degree in Game Art Design will give you with the example of your work and expertise to use in your portfolio like a resume and references.

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Why do credit card companies target college students?

Many credit card companies see the marketing potential in college students. Credit card companies use promotional offers and free gifts like t-shirts, coffee mugs, or CDs to entice students on signing up for their company.

Have you ever asked why? Loyalty is a good reason. Credit card companies are competing to be the first credit card that the student will own. By being their first credit card, it is very likely that even when they graduate from college and enter the corporate world, students will be upgrading their credit cards with the same credit card company.

Students are Big Spenders

Aside from this, college students are great spenders. Let’s face it, credit card companies love customers who spend much using their credit cards. The more a person uses his credit card, the better it is for the business. And students are usually prone to over spending or using their credit cards excessively not just for their school necessities but on luxuries as well.

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Avoid Student Credit Card Debt

Students are prone to acquiring credit card debt. Why? Because most young people do not know or are not paying attention on how to handle their credit cards correctly. Here are some practical advice on the proper use of student credit cards and how to avoid credit card debt.

It’s Just a Marketing Strategy

Be aware that credit card companies are experts when it comes to marketing their business. They spend millions of dollars in using different marketing strategies to get your attention, to grab your interest and move you to sign up with their company. Credit card companies may give away freebies, offer instant approval, and other promotional tactics which can be very hard to resist. Don’t be too naïve in applying for a credit card just so you can get a free coffee mug or t-shirt. Remember, there’s more to it than just the freebie.

Don’t Settle for High Rates

There are so many different credit card companies that are competing in the market today that students don’t have to settle for a credit card with unsatisfactory features. Some credit card companies charge high rates for students because they haven’t yet established their own credit. However, there are still other credit card issuers who offer reasonable rates even for students like you. Don’t rush in signing up that application as if there’s no tomorrow. Take your time in choosing the right student credit card with the most reasonable rates. Compare the rates and features that each credit card provides. Only then can you be sure that you’ve chosen the right one.

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Credit Cards and High School Students

The Federal law doesn’t provide any restrictions about issuing credit cards to minors. In fact, credit card companies consider teen-agers as a very profitable market. Most credit card companies often require a co-signer when a minor applies for a credit card. When a teen-ager reaches the age of 18, he has the right to sign-up for a credit card on his name even without a cosigner.

Are Student Credit Cards an Advantage?
Some parents feel that providing their kids with credit cards while they are still in high school help them learn about money early in life. With proper guidance and support, obtaining a student credit card can help young people learn about how to handle their finances properly.

A student credit card is a great way in establishing a credit history in preparation for their future. Some credit card companies refuse to grant credit card approval for those without a credit history. But with the help of a parent as a co-signer, it will be much easier to get a credit card.

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Teaching Students About Credit Security

A lot of college students are excited about acquiring their first credit cards. Despite the ease and convenience that credit card brings, it is very important to learn how to handle a student credit card properly. Reports show that a lot of college students graduate with unpaid debts on their account. They have used their student credit cards without control and have put themselves in a difficult situation.

Credit Card Companies Pursue Students

It is interesting to note that some financial experts believe that credit card companies view students as a very lucrative market. Students have the tendency to spend more not only for their school necessities but for other things as well.

Regardless of the fact that college students do not have stable jobs to support them, credit card companies still pursue them as profitable customers. Why? Because even though they cannot pay their debts on a timely manner, credit card companies can still charge them with extra fees such as annual fees, penalties for late payment, penalties for exceeding credit limit, and higher interest rates.

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How Students Can Manage Their Student Credit Cards

Surveys prove that many college students graduate with unpaid debts on their student loans which can amount to $20,000. Those who are still in college are faced with credit card debts amounting to $7,000 or even more. Even worse, there are many at a young age of 15-25 have already filed for bankruptcy. If you’re a student who owns a student credit card, these staggering surveys should definitely concern you. What can you do to avoid falling victim of bad credit?

Here are some valuable tips you can in your personal life as a student to help you manage your finances wisely.

Make a Commitment

Bad credit usually results from splurging or uncontrolled spending. In order to avoid paying for unreasonably high balances, as a student you should have the will to restrain yourself from spending on things that are not really necessary. Every time you plan on buying, ask yourself, “do I really need this or do I just want it?” If you know that you can get by without making that purchase then, have the will to back out.

Pay Cash

Don’t use your credit card on every little thing you need. When you eat outside or go to the movies, don’t charge it on your credit card. You should change your outlook about owning a credit card. It doesn’t give you the leeway to spend on all the things you want. Always keep in mind that you are still responsible in paying back the charges on your credit card.

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